Zebra Technologies (NASDAQ:ZBRA) Reaches New 1-Year Low After Analyst Downgrade

Zebra Technologies Co. (NASDAQ:ZBRA)’s stock price hit a new 52-week low on Wednesday after StockNews.com downgraded the stock from a buy rating to a hold rating. The company traded as low as $243.53 and last traded at $250.32, with a volume of 762402 shares traded. The stock had previously closed at $256.05.

Other research analysts have also issued reports about the stock. UBS Group dropped their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley cut their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC dropped their target price on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial decreased their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird raised their price objective on Zebra Technologies from $286.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $321.73.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its position in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the period. Investment Management Corp VA ADV bought a new stake in Zebra Technologies during the 4th quarter valued at $27,000. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter worth $28,000. Picton Mahoney Asset Management bought a new position in shares of Zebra Technologies in the fourth quarter worth $31,000. Finally, Avalon Trust Co purchased a new position in shares of Zebra Technologies in the fourth quarter valued at $35,000. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Performance

The business has a 50 day moving average of $264.61 and a 200-day moving average of $343.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The company has a market capitalization of $12.83 billion, a P/E ratio of 24.52 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 earnings per share. On average, sell-side analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.